MGO One Seven LLC Raises Stock Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

MGO One Seven LLC raised its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 8.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,182 shares of the company’s stock after acquiring an additional 1,154 shares during the quarter. MGO One Seven LLC’s holdings in Ollie’s Bargain Outlet were worth $1,392,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in Ollie’s Bargain Outlet during the 2nd quarter valued at approximately $25,000. ORG Partners LLC purchased a new position in shares of Ollie’s Bargain Outlet in the first quarter worth $28,000. Blue Bell Private Wealth Management LLC bought a new position in shares of Ollie’s Bargain Outlet during the first quarter worth $29,000. Opal Wealth Advisors LLC purchased a new position in Ollie’s Bargain Outlet during the second quarter valued at $31,000. Finally, Crewe Advisors LLC bought a new stake in Ollie’s Bargain Outlet in the 2nd quarter valued at $36,000.

Ollie’s Bargain Outlet Price Performance

Ollie’s Bargain Outlet stock opened at $98.16 on Friday. The firm has a market capitalization of $6.01 billion, a P/E ratio of 30.97, a price-to-earnings-growth ratio of 2.18 and a beta of 0.84. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $68.05 and a 1-year high of $104.98. The company’s 50-day moving average is $95.55 and its 200 day moving average is $85.33.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.78 earnings per share for the quarter, hitting the consensus estimate of $0.78. The firm had revenue of $578.38 million for the quarter, compared to the consensus estimate of $561.60 million. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 earnings per share. Research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Thomas Hendrickson sold 4,500 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $97.54, for a total value of $438,930.00. Following the transaction, the director now owns 5,659 shares of the company’s stock, valued at approximately $551,978.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP James J. Comitale sold 2,153 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $104.17, for a total transaction of $224,278.01. Following the transaction, the senior vice president now owns 2,732 shares of the company’s stock, valued at approximately $284,592.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas Hendrickson sold 4,500 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $97.54, for a total value of $438,930.00. Following the transaction, the director now owns 5,659 shares in the company, valued at approximately $551,978.86. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

OLLI has been the subject of several research reports. Wells Fargo & Company increased their price objective on shares of Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, June 6th. JPMorgan Chase & Co. reduced their price objective on Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Craig Hallum increased their target price on Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. UBS Group boosted their price target on shares of Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Finally, Royal Bank of Canada lowered their price objective on shares of Ollie’s Bargain Outlet from $101.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $103.33.

Ollie’s Bargain Outlet Profile

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.